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Village at St Rose, LLC
Commercial • Development • 1575 and 1655 E Cactus Ave, Henderson, NV 89183
Loan Number: #L0000014
Available
$0
Investor Interest Rate
9%
Maturity Date
12/16/2022
Investment Summary
Village at St Rose, LLC
Commercial • Development • 1575 and 1655 E Cactus Ave, Henderson, NV 89183
Loan Number: #L0000014
Available
$0
Investor Interest Rate
9%
Maturity Date
12/16/2022
Village at St Rose, LLC
Commercial • Development • 1575 and 1655 E Cactus Ave, Henderson, NV 89183
Loan Number: #L0000014
| Full Commitment | $12,500,000 |
| Available | $0 |
| Investor Interest Rate | 9% |
| Minimal Investment Amount | $1,000 |
| Maturity Date | 12/16/2022 |
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About
About this property
Property Address
1575 and 1655 E Cactus Ave, Henderson, NV 89183
Property Details
Stable Development acquired a 12.5 acre parcel of land approximately 13 miles south of downtown Las Vegas in 2018. Since that time they have been working with the city and county official to complete zoning for mixed use. Mixed use zoning has been approved and the developer is now working to gain tentative mapping approval for a 300,000 sq ft development that will feature a mix of retail, office and medical space.
How the funds will be used
Development
Borrower will utilize funds for the refinance and construction of the property.
How the funds will be used
Development
Borrower will utilize funds for the refinance and construction of the property.
Financials
Borrower
Stable Development
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
17
Term
9 months with an optional 9 month extension available to the Borrower for a total of 18 months.
Maturity Date
12/16/2022
Maturity date can fluctuate and is dependent on the date the loan funds.
Borrower
Stable Development
Stable Development has successfully developed over 550,000 sq. ft. of Medical and Professional office space. Known for its Shared Equity Ownership Model, Stable Development identified a need in the market place and brought the solution to So. Nevada. Stable Development was established with the vision to enable medical and professional business owners the opportunity of building ownership with minimal cash outlay. The revolutionary Shared Equity Ownership Model empowers tenants to literally take ownership of their office space.